LAW & REFORMS IN INDIA BANKRUPTCY

The current study examines the evolution of bankruptcy reforms in India through time, as well as the effectiveness of these changes since they were first implemented in the country. There is an attempt to address the current state of cross-border bankruptcy legislation and process in India, as well as how it affects foreign creditors who invest in Indian firms. To make it more applicable to current circumstances, all of this is extended with the use of a hypothetical scenario, which also serves to demonstrate the cumulative impact of past and currently in effect legislation.